If you need a secure cryptocurrency wallet, DEFED is the one you should consider. DEFED Web3 wallet is primarily lightweight, it simplifies the process of creating a wallet while ensuring non-custodial and code-level security, and plan to allow users to log in using an internet account. This will greatly reduce the barrier for normal users to use crypto wallets. In short, this cryptocurrency wallet solves the challenges of scalability, cost effectiveness, simplicity and transaction speed.
DEFED aims to solve the problems of existing cryptocurrency wallets in the market. Its native token DEFE is a governance token and a utility token; read on to learn more about the DEFE token.
What is DEFE Token?
DEFED is a web3 super account that offers users crypto exchange tools and mediums for storing assets. The DEFED ecosystem uses transferable units of value called DEFE tokens, which are created on top of a blockchain as a means of exchange. DEFE Token is both the utility and governance token in this system.
The main function of DEFE is to participate in the profit sharing and voting governance of the DEFED ecosystem.
The ongoing DEFE initial fair launch offering event, which enables you to purchase and lock in your DEFEs, offers you the chance to earn on DEFED. The holder enjoys veDEFE’s rights and benefits during the lock period.
In terms of governance voting, holders of DEFE have the right to participate in the governance process during this time and stake their DEFE to obtain vote-escrowed DEFE (veDEFE). You can only use the veDEFE but not sale or transfer it during the period, because it is non-tradable and serves as the user’s voting power.
In terms of revenue sharing, DEFE stakers (veDEFE holders) share 70% of the protocol income.
Note: The amount of veDEFE you will receive is determined by the time and DEFE you staked. Additionally, as a DAO member, you can profit from what is collected from loans and transfers on the platform because veDEFE has two use cases: voting and earning.
How to Get DEFE Token?
DEFEDDAO's initial goal is to gather a group of like-minded people to build a general infrastructure. Therefore, DEFEDDAO will use the majority of its Tokens to incentivize all DAO members join in the development of the ecosystem. In other words, more than 50% of DEFE will be used to incentivize valuable behaviors in the ecosystem in various forms. A fair mechanism and sufficient incentives will help the DEFED ecosystem grow.
At this stage, you can get DEFE token rewards by using DEFED through depositing, borrowing, transferring on DEFED.
At the same time, there are also opportunities to earn DEFE incentives for other actions that contribute to the DAO. For example, active participation in DAO discussions, campaigns etc.
Conclusion
With the help of DEFED’s payment infrastructure, you can make money by depositing money, borrowing money on credit, sending money quickly to other accounts. A web3 wallet is essential in the cryptocurrency world to manage cryptocurrency transactions and enhance security.
Making money is possible by locking assets on DEFED. To receive the governance and utility benefits, you might need to lock your DEFE for a while until it converts to veDEFEs.
Please follow us for more news, views, and updates.
